Wednesday, March 14, 2012

#Mining in Yemen: do the benefits outweigh the risks?

Yemen's geological makeup, abundant with natural resources and mineral
deposits, offers numerous excavation and quarrying opportunities. Geological
surveys conducted in country have identified prospects for gold, copper, iron
and zinc. In fact, as was widely reported , Thani Dubai Mining made a major gold
discovery in Yemen in 2010 worth as much as US$3 billion. The most promising
results were from the Medden area where it was reported that an estimated
678,000-tonne concession would produce an average of 15 grams of gold and 11
grams of silver a tonne. However, recent articles have questioned the future of
gold mining in Yemen. The country is facing acute economic distress and security
threats are an obvious deterrent to work and investment in the mining sector.
The country's infrastructure is still also relatively under-developed. As
such, Thani Dubai Mining's operations are still a long way from beginning and
it is estimated that an expenditure of US$300 million is required until
production starts. Yet, there exist examples of mining companies operating
successfully in the region and the government is actively pursuing regulatory
reform to encourage investment and start-up projects. In fact, one mining
company active in the region Cantex Mine Development – state on their
website: "In the media Yemen has (at best) a tarnished image. It seems every
week of late one hears of the conflict in the northern reaches of the country,
separatist movements in the south, Al Queda training centers… Whilst these
events are factual they present a very skewed image of what is actually
happening on the ground." Cantex have also been vocal about the fact that the
Yemeni government is supporting their efforts to develop the Al Hariqah project
as quickly as possible. Check out our recent blog post exploring Cantex's
experiences of operating in Yemen.

Google Alert - antiques coin

News1 new result for antiques coin
 
Search for collectibles slows but items of value are out there, buyers say
ReporterNews.com
The pair are buyers for THR & Associates who will be at The Wingate by Wyndham all week looking for gold and silver coins and jewelry, antiques and collectibles to purchase from area residents. "We've seen jewelry, we've bought silver, we've bought ...
See all stories on this topic »


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The Gold Price Lost $51.20 How Far can it Fall?

Gold Price Close Today : 1642.50 Change : -51.20 or -3.02% Silver Price Close
Today : 3214.70 Change : -139.7 cents or -4.16% Gold Silver Ratio Today : 51.093
Change : 0.602 or 1.19% Silver Gold Ratio Today : 0.01957 Change : -0.000233 or
-1.18% Platinum Price Close Today : 1664.30 Change : -18.70 or -1.11% Palladium
Price Close Today : 693.95 Change : -7.95 or -1.13% S&P 500 : 1,394.28 Change :
-1.67 or -0.12% Dow In GOLD$ : $166.06 Change : $ 5.24 or 3.26% Dow in GOLD oz :
8.033 Change : 0.253 or 3.26% Dow in SILVER oz : 410.43 Change : 17.58 or 4.48%
Dow Industrial : 13,194.10 Change : 16.42 or 0.12% US Dollar Index : 80.53
Change : 0.341 or 0.43% The GOLD PRICE lost $51.20 and fell clean to the level I
yesterday bruited, closing Comex at $1,642.50. Silver did worse, puking up
139.7c to close at 3214.7c. GOLD PRICE broke $1,680 in European trading, and
suddenly looked like a leper in a Turkish bath: no friends at all. Nobody wanted
to know gold. It traded down to $1,640 support, and closed Comex at $1,642.50,
but in the aftermarket stretched down to $1,634.72. That brought gold's friends
out of the shadows and set them to buying -- or at least, covering their short
positions. Tomorrow the battle will take place at $1,635. If GOLD can turn back
its attackers there, it can hold on. Otherwise, the break through the 200 DMA
today ($1,679) after gold is already below its 50 DMA (1,701) and 150 Dma
(1,715.50) argues for a trip to $1,605. I bought a little SILVER today, because
of gold's price. I will buy gold at $1,605, and will be tempted at $1,625. Why
tempted? Because I see an upside down head and shoulders forming since November,
with a target about $2,030. If that's so, the bottom of this last and right
shoulder should occur about there. A like formation stares out of SILVER PRICE
chart, but the shoulder could stop anywhere from 3100c to 2850c. Hurtful day for
silver. Fell through its 50 DMA today (32.85). Already below the 200 (3484c) and
300 DMA (3492c). Silver made its low at 3146c and could still drop as low at
3000c, maybe lower. Patient, patient. Lift up your eyes to the horizon. I don't
want to give y'all a headache, but listening to what bits of news broadcasts I
can't avoid, it occurs to me that none of the Three Stooges running for the
Republican presidential nomination can beat Bernard O'Bama. There's Mitt
MakesUSnore Romney, Rick Now-I'm-A-Conservative-But-Still-Had-My-
Charisma-Surgically-Removed Santorum, and Newt (like the slick Lizard) Gingrich.
There's not enough charm amongst the three of them to make a good Chatty Kathy
doll, nor enough integrity to fill up a mustard seed. Y'all thought it was hard
to make O'Bama look good, but the Republicans have done it. STOCKS looked
confused today, but after yesterday's big blow-out, a hangover is expected. Dow
gained 16.42 (0.12%) but the S&P500 fell 1.67 (0.12%). Mercy! I keep looking at
that chart, wondering how it could have been so mean to lie to me, and I trace
out all the same thing again. It's like dating a trashy girl. You know she's
trashy, but you just can't believe she keeps lying to you. Anyway, I still see
that mountainous rising wedge on that chart, the predictable (but false)
downside breakout, then the Bernanke reversal upwards. Folks, it just don't make
sense. Something's going on we can't see. Or maybe, and I still stubbornly
believe, more likely, after this little spurt stocks run dry and fall. If they
don't, then a large upside down head and shoulders looks for the Dow at nearly
14,900. I'm watching, but I still wouldn't buy stocks even with your money.
Currencies are enough to give the Headless Horseman a headache. Apropos of
nothing the dollar rose 34.1 basis points today to 80.534 and carried all
currencies before it. Euro sank 0.42% to 1.3032, looking more like it might blow
right past 1.2900 and drop lower. And just when y'all thought the yen could not
get any weaker, it did. Again. Dropped 0.92% today (gigantic for a currency) to
fall through 120c/Y100. Settled at 119.51c/Y100 (Y83.86/US$1). Maybe investors
are tired of holding yen at low or negative interest rates. Maybe Japan -- with
its Quasimodo balance sheet and Gargantuan debt -- will be the next focus of
questions about creditworthiness of sovereign debt. Today's the day in 1900 --
14 March 1900 -- that the US Congress crucified the nation on a cross of gold,
declaring superfluously that the country was on a gold standard. This of course
is impossible, since the constitution implies the "dollar of silver" is the
standard, and then the first congress fixed that standard in 1792 with the
Coinage Act. In other words, the Gold Standard Act was just a sop to the
bankers, and a knife in the back of farmers and laborers and of course, silver.
SPECIAL OFFER SILVER CLEARANCE When US 90% silver coin comes through we try to
clean all the unmerchantable coin out of the bags, coins that have holes, are
bent, or badly worn. Many were minted in the early 1900s, some in the 1800s.
After a while this stacks up and ties up capital. I have 9,580 grams of this
slick coin, broken into two each 3,000 gram sacks plus one 3,580 gram sack.
That's 32.15 troy ounces gross weight each, but at 90% purity that's only 28.936
pure ounces. These are dimes, quarters, and halves, some worn paper thin, but
all you will be paying for the weight of silver, at spot silver value less 10
cents or 32.05 per ounce. If you were pressed to use silver when paper money
fails, these ought to circulate, worn as they are. I am selling these as is, so
please don't buy them and call me back in surprise that they are so worn or have
holes in them. That's how I'm selling them. I have three of the following: No.
1, Two each 3,000 gram sacks of scrap US 90% silver coin containing 86.807 oz of
silver each at $32.05/oz = $2,782.17 + $25 shipping or a total of $2,807.17 No.
2, One each 3,580 gram lot of scrap US 90% silver coin containing 103.590 oz at
$32.05/oz for a total of $3,320.06 + $25 shipping = $3,345.06 total. I also have
some US 90% silver halves that went through a house fire and are blackened, a
few charred. These I will also sell for spot silver less 10 cents or 32.05/oz,
which equals $22.916 per dollar face value. So I am selling No. 3, Five lots of
$100.00 face value each of burned US 90% silver halves at $100 x $22.916 =
$2,291.60 + $25 equals $2,316.60. No. 4, One lot of $120.00 face value each of
burned US 90% silver halves at $120 x $22.916 = $2,749.92 + $25 equals $2,774.92
Yes, you may order as many lots as you please, but I'm sorry, no re-orders or
back-orders at these prices. Offer ends when my supply runs out. Please
remember, these are silver survival coins only, and will be worn or
fire-blackened. Survival only. Special Conditions: First come, first served, and
no re-orders at these prices. I will enter orders based on the time I receive
your e-mail at . We will not take orders for less than the minimums shown above.
All sales on a strict "no-nag" basis. We will ship as soon as your check clears,
but we allow Two weeks (14 days) for your check to clear. Calls looking for your
order two days after we receive your check will be politely and patiently
rebuffed. If you want faster shipping, please send a wire. Spot silver basis for
all prices above is $32.15 ORDERING INSTRUCTIONS: 1. You may order by e-mail
only to franklin@the-moneychanger.com. No phone orders, please. Your email must
include your complete name, address, and phone number. We cannot ship to you
without your address. Sorry, we cannot ship outside the United States or to
Tennessee. Repeat, your email must include your complete name, address, and
phone number. Our clairvoyant quit without warning last week and I stumbled and
dropped my crystal ball, smashing it to pieces, so we can no longer read your
mind. 2. Orders are on a first-come, first-served basis until supply is
exhausted. 3. "First come, first-served" means that we will enter the orders in
the order that we receive them by e-mail. 4. If your order is filled, we will
e-mail you a confirmation. If you do not receive a confirmation, your order was
not filled. 5. You will need to send payment by personal check or bank wire
(either one is fine) within 48 hours. It just needs to be in the mail, not in
our hands, in 48 hours. 6. We allow fourteen (14) days for personal checks to
clear before we ship. If your hurry is greater than that, you can send a bank
wire. Once we ship, the post office takes four to fourteen days to get the
registered mail package to you. All in all, you'll see your order in about one
month if you send a check. 7. Mention goldprice.org in your email. Argentum et
aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders,
The Moneychanger The-MoneyChanger.com © 2012, The Moneychanger. May not be
republished in any form, including electronically, without our express
permission. To avoid confusion, please remember that the comments above have a
very short time horizon. Always invest with the primary trend. Gold's primary
trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1
gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under
2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary
trend down; real estate bubble has burst, primary trend down. WARNING AND
DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade
futures contracts. I don't intend them for that or write them with that short
term trading outlook. I write them for long-term investors in physical metals.
Take them as entertainment, but not as a timing service for futures. NOR do I
recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT
physical metal and I fear one day one or another may go up in smoke. Unless you
can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary
of traps. NOR do I recommend trading futures options or other leveraged paper
gold and silver products. These are not for the inexperienced. NOR do I
recommend buying gold and silver on margin or with debt. What DO I recommend?
Physical gold and silver coins and bars in your own hands. One final warning:
NEVER insert a 747 Jumbo Jet up your nose.

Today’s Dow Jones Industrial Average Index DJIA Stock Market Investing News; Nasdaq Index, S&P 500 Index; Stock Trends and Market Review Today

XCSFDHG46767FHJHJF

dow2664 Stock Market Investing News Economic Trending News Today: The Federal Reserve reported this week that interest rates would remain at record lows through at least 2014. This was positive news for many. In addition, the tone of the Federal Reserve’s report was a bit more positive than the last time we received information via Benjamin Bernanke. The positively skewed report helped the primary stock indices finish in the green across the board to close out Tuesday’s trading session. The DJIA closed at a level higher than any observed since 2007. The Nasdaq gains were better than any the index has made in over a decade. The moderate economic improvements in the U.S., highlighted by an improving job sector, are helping to support the marketplace. This morning however, futures for the primary stock indices were mixed. The Dow Futures were positioned in the red prior to opening bell today. As the session moved forward, the primary stock indices in the U.S. were still mixed. The DJIA, as well as the Nasdaq and the S&P 500, struggled to find consistent direction during the mid-week trading session. Generally, most are looking for more positive trending due, in part, to the progressive actions ongoing in the euorzone regarding debt restructuring. As the session approached closing bell in the U.S. today, primary indices remained mixed. DJIA, Nasdaq, S&P 500 Approaching Close Review Today: The Dow was green by only .06 percent at 13,185 just minutes prior to close today. The Nasdaq was red by .03 percent at 3038.95 and the S&P 500 was red by .20 percent at 1,393.14 just prior to close today. Frank Matto



Sell-Off in Gold Intensifies, GDX Drops 4.6%

The recent weakness in gold shares escalated on Wednesday as gold futures
plunged to fresh 2-month lows.

Electronic Arts Inc. Working With Messi Foundation

Electronic Arts Inc. (NASDAQ:ERTS) has partnered with the Leo Messi Foundation
to refurbish a street football pitch in Barcelona. Electronic Arts Inc. Working
With Messi Foundation The video game publisher Electronic Arts Inc.
(NASDAQ:ERTS) has joined hands with the Leo Messi Foundation to renovate the
popular street football pitch Bon Pastor in Barcelona. The move

Today’s Dow Jones Industrial Average Index DJIA Stock Market Investing News; Nasdaq Index, S&P 500 Index; Stock Trends and Market Review Today

Stock Market Investing News Economic Trending News Today: The Federal Reserve
reported this week that interest rates would remain at record lows through at
least 2014. This was positive news for many. In addition, the tone of the
Federal Reserves report was a bit more positive than the last time we received
information via Benjamin Bernanke. The positively skewed report helped the
primary stock indices finish in the green across the board to close out Tuesdays
trading session. The DJIA closed at a level higher than any observed since 2007.
The Nasdaq gains were better than any the index has made in over a decade. The
moderate economic improvements in the U.S., highlighted by an improving job
sector, are helping to support the marketplace. This morning however, futures
for the primary stock indices were mixed. The Dow Futures were positioned in the
red prior to opening bell today. As the session moved forward, the primary stock
indices in the U.S. were still mixed. The DJIA, as well as the Nasdaq and the
S&P 500, struggled to find consistent direction during the mid-week trading
session. Generally, most are looking for more positive trending due, in part, to
the progressive actions ongoing in the euorzone regarding debt restructuring. As
the session approached closing bell in the U.S. today, primary indices remained
mixed. DJIA, Nasdaq, S&P 500 Approaching Close Review Today: The Dow was green
by only .06 percent at 13,185 just minutes prior to close today. The Nasdaq was
red by .03 percent at 3038.95 and the S&P 500 was red by .20 percent at 1,393.14
just prior to close today. Frank Matto

Google Alert - gas prices today

News2 new results for gas prices today
 
Chu recants statement about high gas prices
Tucson Citizen
by USA Today Feed on Mar. 14, 2012, under USA Today News President Obama's energy secretary has withdrawn a 2008 statement that Republicans have used ever since to bash the administration over high gas prices. The statement: "Somehow we have to figure ...
See all stories on this topic »
Rising fuel costs and the next revolution
Stockhouse
Fuel prices represent one of the biggest expenditures for most working class families and the rising prices at the gas pump will weigh heavily on middle class wallets this spring. Lost amid the hoopla after the Dow recently achieved a milestone in ...
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Microsoft Corporation Helping Cloud Startups

Microsoft Corporation (NASDAQ:MSFT) has introduced its first ever startup
accelerator. Microsoft Corporation Helping Cloud Startups According to reports,
Microsoft Corporation (NASDAQ:MSFT) has launched its first-ever startup
accelerator at its Israel R&D Center. This move aims to help young cloud-focused
companies. The Microsoft Corporation (NASDAQ:MSFT) Windows Azure Accelerator
will provide space and mentoring like a normal

Investors See Gold Rebounding Toward $1,900 by Year-End

Although the gold sector has slumped in recent months, investors at
yesterday's Bloomberg Link Precious Metals Conference remain bullish on the
yellow metals prospects. The average year-end 2012 estimate for gold in a survey
of 14 respondents at the conference came in at $1,897 per ounce.

Today’s Gold Price per Ounce Spot gold price per gram, Spot Silver price per ounce Mid-Day Price of Gold and Silver Today

Gold Price and Silver Price Market Trending News Today: Gold has been pressured
this week. The dollar has gained strength versus the euro in the current climate
and this action has pushed gold price lower. Gold contract price closed the last
session on the negative side of break-even for the day and prior to opening bell
this morning, spot gold price trends and spot silver price trends continued to
move negatively. Federal Reserve Chairman, Benjamin Bernanke, released the FEDs
report this week which was void of language that supported another round of QE3
in the short term for the American economy. This news only strengthened the
dollars standing which in turn diminishes the number of investors positioning
with precious metal safe havens. Gold Price per ounce Silver price per ounce
Mid-Day trends today: April contract gold was red by 2.90 percent at a floor
price of 1645 per troy ounce at the halfway point. May contract silver posted a
floor price at 33.58 per troy ounce at this same point. Spot gold price per gram
and spot silver price per ounce Trends Mid-Day: As of the halfway point in the
trading session, spot gold per gram and spot silver per ounce were posting red.
Spot gold per gram price posted at 53.04 and spot silver per ounce posted at
32.65 as of mid-day today. Camillo Zucari

Claude Reports Significant Resource Growth at Seabee

Claude Resources (CRJ.TSX, AMEX: CGR) announced an updated NI 43-101 gold
reserve and resource estimate from its 100%-owned Seabee Gold Operation in
Saskatchewan, Canada.

#Mining in Sudan: how La Mancha have operated a successful gold mine since 1992

Martin Amyot, Senior VP of La Mancha shared the mining companys experiences
operating in Sudan at the MENA Mining Congress 2011. The North African nation
possesses significant mineral wealth within its territory including: petroleum,
natural gas, uranium, tin, silver, manganese, zinc, iron, lead, copper, cobalt,
nickel and gold. The Hassai gold mine is an open pit mine located in the Red Sea
Hills desert in north-eastern Sudan, approximately 50km from Khartoum. La Mancha
Resources, through its subsidiary, owns 40% of the mine. The remaining is held
by Ariab Mining Company, who is also the operator. To learn more about how the
Canadian junior miner's plans to increase resources at the Hassaï mining
complex, download La Mancha's presentation from the MENA Mining Congress 2011.
Want an update on mining activities in Sudan and the surrounding North African
region? Between 21-23 October 2012, The MENA Mining Show will unite mining
companies, investors and government officials from across the Middle East and
North Africa to discuss the latest exploration opportunities. To find out more,
visit www.terrapinn.com/miningme

Gold Price Sinks to 8-Week Low

GOLD PRICE NEWS – The gold price came under heavy selling pressure Wednesday
morning, falling $27.31, or 1.6%, to $1,643.63 per ounce.

Gold Stock Price Update for Today, Mar-14

Gold Stock Price Update for Today, Mar-14 Fyxnews - 1 hour ago Gold stock
prices for today, Wednesday, March 14, 2012. This is an overview of how gold
mining stocks are performing. Barrick Gold Corporation (NYSE:ABX) is currently
trading at $45.35.

Restaurant Stocks a Little Overcooked Now, But Still Tasty

XCSFDHG46767FHJHJF

tdp2664 InvestorPlace Several restaurant stocks are reaching new highs, but that’s no reason to cash in now — the sector as a whole could be building significant, lasting growth.



FTSE modestly higher midday with financial stocks leading

XCSFDHG46767FHJHJF

gol2664 Negocioenlinea FTSE modestly higher midday with financial stocks leading Stock Market Wire – 18 minutes ago StockMarketWire.com – MIDDAY REPORT: Headline shares remained modestly higher in midday trade, with financial issues taking heart from upbeat news from New York overnight, offsetting weakness amongst resources stocks.



#Mining in Sudan: #gold output to reach 50 tons by the end of 2012

The North African country of Sudan is the largest country in Africa and the
Arab world, and the tenth largest in the world by area. More well known for
civil conflict than mining and mineral resources, the country possesses
significant mineral wealth within its territory including: petroleum, natural
gas, uranium, tin, silver, manganese, zinc, iron, lead, copper, cobalt, nickel
and gold. In fact, the Bank of Sudan estimates that the country will produce 50
tons of gold by the end of this year which will generate at least $2.5 billion,
according to an article published yesterday in Qatari Al-Raya . Gold Investing
News states that Sudan has been experiencing "a rush" from foreign companies
for gold exploration in recent years, including interest from Australia, Europe
and the US. Mining companies currently operating in the region including Toro
Gold Ltd ., Rika Global Impex Ltd. , La Mancha and Nuinsco Resources Limited .
Check out our recent blog post exploring Nuinsco Resources' experiences of
operating in Sudan.

Silver and Oil Trade Up on Tuesday–Recap March 13th

Major commodities prices didnt do much yesterday as crude oil prices slightly
rose, while gold price moderately declined. Silver price on the other hand edged
up yesterday.

Today’s Gold price per ounce Spot gold price per gram; Silver price per ounce Today; Gold Silver Trend News

Gold Price Silver Price Economic Market Trend Review Today: The U.S. dollar
continued to strengthen during the second trading session of this week. The
dollar climbed higher versus the euro and the Japanese yen last session and this
action pressured precious metal commodity positioning. Spot gold and spot silver
prices were mixed to open the trading session and as the day progressed, both
trend-lines fell into the red. Precious metal gold and silver contracts were
posting red at the mid-day mark last session and the negative trend-line
movement for gold contract prices continued through the end of day close. Gold
and silver prices finished the day mixed. Gold contract price and Silver
contract price close review today: April contract gold closed the last trading
session in the red by .33 percent at 1694.20 per troy ounce. Silver contract for
May delivery finished the last session higher by .50 percent at 33.58 per troy
ounce. Spot gold per gram and spot silver per ounce price trend review today:
After last session close and prior to todays opening bell, spot gold price
trends and spot silver price trends were posting in the red. Spot gold price per
gram was at 53.35 and spot silver price per ounce was posting lower at 32.90.
Camillo Zucari

Gold & Silver Prices – Daily Outlook March 14th 2012

Gold and silver prices changed directions several times during yesterdays
trading but eventually ended the day with slight shifts as gold price slightly
declined and silver price moderately rose.

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